Close Date: Sun, Nov $26,202311$:$59$ PM

Question $1$ of $7$

Nicholas is required to pay Steven $$7,000$ today but he wishes to postpone the payment for $210$ days. What amount should Steven be willing to accept from Nicholas in $210$ days if he can earn $2\mathrm{.}25\%$ p$.$a$.$ simple interest on his money?

Round to the nearest cent